Hamilton Zanze has acquired the 377-unit Blu at Northline Apartments in Charlotte, N.C. This represents HZ’s first acquisition in North Carolina. A purchase price was not disclosed.
The community, built in 2018, is just northeast of Downtown Charlotte, which has become a headquarters hub for several Fortune 500 companies including Bank of America, Lowe’s, and Honeywell.
“Blu at Northline presented us a great opportunity to buy a class A asset in Charlotte, North Carolina,” said David Nelson, Hamilton Zanze’s chief transactions officer. “The property features a robust amenity package, a prime location in the University City submarket along the Lynx Blue Line and offers residents the quality of life provided by the city’s energetic urban core. As this is our first acquisition in North Carolina, we’re very excited to enter the Charlotte market and look forward to continued growth in the region.”
Blu at Northline was 95 percent occupied at purchase
